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• W3124952802 abstract "This paper studies the effects of generic entry on post-patent price competition for 18 prescription drugs recently exposed to competition. An independent, validating test of the “generic competition paradox” is conducted using a newly created data set. Each generic entrant is associated with an average 1% increase in the branded price. The one-way error component model accounts for intermolecular competition, market segmentation, and endogeneity of entry and finds branded prices increasing by 2%. Alternative definitions of entry suggest that price competition is confined to the generic market. The unique payer-type feature of the data offers empirical evidence supporting market segmentation." @default.
• W3124952802 created "2021-02-01" @default.
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• W3124952802 date "2008-07-01" @default.
• W3124952802 modified "2023-10-18" @default.
• W3124952802 title "Generic entry, price competition, and market segmentation in the prescription drug market" @default.
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• W3124952802 doi "https://doi.org/10.1016/j.ijindorg.2007.08.004" @default.
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